PDT Partners LLC purchased a new position in Intuit Inc. (NASDAQ:INTU - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 46,200 shares of the software maker's stock, valued at approximately $12,058,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Joseph Group Capital Management acquired a new position in shares of Intuit in the 4th quarter valued at $25,000. Fiduciary Financial Advisors acquired a new stake in Intuit during the 2nd quarter worth about $25,000. Intesa Sanpaolo Wealth Management acquired a new stake in Intuit during the 4th quarter worth about $25,000. Osbon Capital Management LLC purchased a new stake in Intuit during the 2nd quarter valued at about $26,000. Finally, MidFirst Bank purchased a new stake in Intuit during the 2nd quarter valued at about $28,000. 83.66% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the company. TD Cowen restated a "buy" rating on shares of Intuit in a research note on Tuesday, August 18th. Morgan Stanley lowered Intuit from an "overweight" rating to an "equal weight" rating and dropped their target price for the company from $580.00 to $335.00 in a research report on Tuesday, July 21st. Truist Financial reiterated a "hold" rating and issued a $350.00 price target (down from $410.00) on shares of Intuit in a report on Monday, August 3rd. Northcoast Research reduced their price target on shares of Intuit from $575.00 to $465.00 and set a "buy" rating for the company in a research report on Thursday, May 21st. Finally, Susquehanna decreased their price objective on shares of Intuit from $550.00 to $427.00 and set a "positive" rating for the company in a research note on Monday, July 20th. Twenty analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have issued a Sell rating to the company's stock. Based on data from MarketBeat, Intuit currently has an average rating of "Moderate Buy" and an average price target of $449.65.
Check Out Our Latest Report on INTU
Intuit Stock Performance
Shares of INTU stock opened at $357.46 on Wednesday. The stock has a market cap of $97.78 billion, a PE ratio of 21.65, a price-to-earnings-growth ratio of 1.16 and a beta of 0.97. The business has a 50-day simple moving average of $302.38 and a 200-day simple moving average of $357.99. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.26. Intuit Inc. has a 52-week low of $252.84 and a 52-week high of $705.08.
Intuit (NASDAQ:INTU - Get Free Report) last posted its earnings results on Tuesday, August 25th. The software maker reported $4.03 EPS for the quarter, topping the consensus estimate of $3.58 by $0.45. The firm had revenue of $4.35 billion for the quarter, compared to analyst estimates of $4.27 billion. Intuit had a return on equity of 25.18% and a net margin of 21.91%.Intuit's revenue for the quarter was up 13.7% compared to the same quarter last year. During the same period last year, the company earned $2.75 earnings per share. Intuit has set its Q1 2027 guidance at 2.440-2.480 EPS and its FY 2027 guidance at 22.880-23.120 EPS. On average, equities analysts expect that Intuit Inc. will post 18.19 EPS for the current year.
Key Headlines Impacting Intuit
Here are the key news stories impacting Intuit this week:
- Positive Sentiment: Intuit reported fiscal Q4 revenue of $4.35 billion, up 13.7% year over year and ahead of the roughly $4.27 billion consensus estimate. Adjusted EPS of $4.03 also exceeded expectations near $3.58-$3.59 and increased from $2.75 a year earlier. Intuit Q4 Earnings and Revenues Top Estimates
- Positive Sentiment: Fiscal 2026 revenue rose 14% to $21.45 billion, while diluted GAAP EPS increased 20% to $16.46. Credit Karma revenue grew 16%, Global Business Solutions revenue rose 14%, and the company repurchased $5.5 billion of stock during the year. Intuit Q4 Revenue and Fiscal 2026 Results
- Positive Sentiment: The board approved a quarterly cash dividend of $1.38 per share, adding shareholder-return support. Intuit Board Declares New Quarterly Cash Dividend
Insider Buying and Selling
In other news, Director Richard L. Dalzell sold 284 shares of the firm's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $262.32, for a total transaction of $74,498.88. Following the sale, the director owned 11,758 shares of the company's stock, valued at $3,084,358.56. This trade represents a 2.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 1,239 shares of company stock valued at $348,354. Corporate insiders own 2.49% of the company's stock.
About Intuit
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Free Report)
Intuit Inc NASDAQ: INTU is a financial software company headquartered in Mountain View, California, that develops and sells cloud-based financial management and compliance products for individuals, small businesses, self-employed workers and accounting professionals. Founded in 1983 by Scott Cook and Tom Proulx, the company has grown from desktop tax and accounting software into a diversified provider of online financial tools. As of my latest update, Sasan Goodarzi serves as Chief Executive Officer.
Intuit's product portfolio includes QuickBooks, its flagship accounting and business-management platform that offers bookkeeping, payroll, payments and invoicing capabilities; TurboTax, a tax-preparation and filing service aimed at individual taxpayers; and Mint, a consumer personal-finance and budgeting app.
Further Reading
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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